Interim Division 6C Measures – legislation introduced into Parliament

7 October 2008

In a Tax Brief in July this year [available at http://www.gf.com.au/477_672.htm] we outlined measures which the Assistant Treasurer had just released proposing amendments to Division 6C of Part III of the Income Tax Assessment Act 1936 (Cth). The proposed amendments were a milestone in the ongoing consultations being conducted by Treasury on ‘interim measures’ to improve the operation of Division 6C, pending the more complete review of Division 6C being undertaken by the Board of Taxation [see our earlier Tax Brief available at http://www.gf.com.au/477_624.htm]. For our full Tax Brief - click here

These notes are in summary form designed to alert clients to tax developments of general interest. They are not comprehensive , they are not offered as advice and should not be used to formulate business or other fiscal decisions.

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